Unmanned Traffic Management Market Size Is Anticipated To Reach USD 1,241.0 Million By 2030
San Francisco, 17 Oct 2024: The Report Unmanned Traffic Management Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By End Use (Commercial, Military & Government), By Application, By Region, And Segment Forecasts, 2024 - 2030 The global unmanned traffic management market size to reach USD 1,241.0 million in 2030 and is projected to grow at a CAGR of 34.0% from 2024 to 2030. The growing adoption of drones in various sectors, such as agriculture, logistics, and emergency services, has created a need for effective unmanned traffic management (UTM) systems, thereby driving market growth. The demand for UTM solutions to manage airspace safely and efficiently is growing as drones are increasingly used for commercial purposes. This expansion is driven by the need to prevent collisions, ensure regulatory compliance, and optimize flight paths in increasingly congested airspace, thereby driving market growth. Moreover, the governments and aviation autho